Queenston owns one of the largest land parcels around the
Kirkland Lake. Its holdings include over half-a-dozen past
producing gold mines such as Upper Beaver, Upper Canada,
Sylvanite and Golden Gate, which produced over 3.5 million
ounces between 1913 and the mid-1980s, historical records show.

"We thought the opportunity was now ... we saw it (Upper
Beaver) as a strategic asset," Osisko Chief Executive Sean
Roosen said on a conference call.

The Upper Beaver project, which has a relatively low capital
exposure, has necessary permit to begin advanced exploration and
is expected to go into production in 2016, Roosen said.
Continued...